Volkswagen ID.4 Now $7,500 Cheaper Thanks to EV Tax Credit

Volkswagen has confirmed that most 2023 and 2024 model year ID.4 electric SUVs will qualify for the full $7,500 federal EV tax credit this year. This tax incentive effectively lowers the starting MSRP of the rear-wheel drive Volkswagen ID.4 from $38,995 down to $31,495 in 2024.

The qualification requirements relate to local US assembly in Tennessee and battery component sourcing through SK On. The base ID.4 Standard comes equipped with a 62 kWh battery pack achieving an EPA estimated driving range of 209 miles on a full charge. Upgraded ID.4 Pro versions deliver 275 miles of range courtesy of an 82 kWh battery.

Available all-wheel drive technology and up to 295 horsepower provide capable performance as well. Volkswagen states that ID.4 sales increased 84% last year, marking strong momentum for one of the most affordable electric SUV options. The newly confirmed federal tax credit makes Volkswagen models like the ID.4 even more competitive.

Our Thoughts

There’s no doubt the new 2023 VW ID.4 hitting the market at an MSRP under $32,000 is an undeniably affordable option, especially when you consider this is a fully electric SUV. With many comparable gas-powered compact SUVs selling at higher price range, the ID.4 brings all the high tech connectivity and instant torque drove electric vehicles are loved for at a attainable price point.

More Articles for You

Caterham Production And Motor Sport Now Housed Under One Roof At New HQs

In early June, British sports car maker Caterham announced that it had just opened a new factory. Still located in …

New Lamborghini Urus SE Is Brand’s First PHEV In Malaysia

Starting at a hefty RM1,028,000 before taxes, the new Lamborghini Urus SE, has finally arrived in Malaysia. It’s the brand’s …

New Chery Tiggo 5X Debuts In Indonesia, Malaysia In The Pipeline

Chery has just debuted the new Tiggo 5X in Indonesia. And even though it’s the brand’s new entry-level model, the …

Now There’s Talk Of Autonomous Flying Cars

Yes, we’ve been hearing about flying cars for over a decade now, but they are in the news again. And …

Mercedes-Benz Malaysia Teases Its New GLB For Second Time

The Mercedes-Benz GLB has undergone a facelift, and it appears that the SUV will soon be unveiled since the company …

It’s Not Just Cars—Off-Roaders And ATVs To Go Electric Too 

The electric revolution is branching out. Not content to electrify just cars, manufacturers are now looking to introduce a range …